July 28, 2022 09:00 ET | Source: FACT.MR FACT.MR
United States, Rockville MD, July 28, 2022 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global automatic pet feeder market is estimated at US$ 540.8 million in 2022 and is expected to expand at an impressive CAGR of 9.6% during the forecast years of 2022-2032. The market is set to grow due to the remarkable adoption of novel technologies by automatic pet feeder manufacturers to ease pet parenting.
Unbalanced nutrition can cause many serious illnesses in pets, including obesity, rickets, fur loss, emaciation, and allergies. Though these disorders are often caused by the inappropriate quantity of food offered or the quality of the food provided, they can also cause by some medical disorders or the spread of parasites.
Balanced nutrition is an essential part of a pet's health. Pet owners are more tech-savvy these days than ever before. Trends suggest that manufacturers are increasingly looking for new technologies to connect with pets and ensure their health and safety. Providing pets with proper nutrition through a balanced diet is gaining immense traction, and, as such, automatic pet feeders are seeing high demand.
Overall, growth of the pet care industry, increasing pet veterinary expenses, and rising inclination towards preventive pet care are advancing the growth of the automatic pet feeder market at a rapid pace.
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Key Takeaways from Market Study
The business environment in the automatic pet feeder market continues to reflect a spike within the industry despite difficult economic conditions during COVID-19. To gain a solid hold in the market, prominent manufacturers are focusing on product design and are associating with pet care professionals and government agencies.
The automatic pet feeder market is increasing in terms of innovation; most importantly, market players are focusing on adding some essential capabilities - such as owners can see the activity of their pets, can program their meals by time, quantity, etc.
• In Jan 2021, Dogness International Corporation By Dogness Group launched a Dogness' 2L programmable automatic feeders, a brand new product in the market, which permits pet owners to feed their pets or program the food meals of their pets.
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In addition, the increasing problem of obesity in pets has driven the demand for automatic pet feeder products. However, the higher cost of these products may limit market expansion to some extent.
From 2017 to 2021, the global automatic pet feeder market registered a CAGR of 6.6%. Fact.MR, a market research and competitive intelligence provider, predicts the market to exhibit growth at 9.6% CAGR between 2022 and 2032.
Manufacturers are offering a variety of automatic pet feeders such as instant dry and wet food automatic pet feeders, automatic pet feeders with cameras, automatic water feeders, microchip pet feeders, and so on.
Segmentation of Automatic Pet Feeder Industry Research
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global automatic pet feeder market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of pet type (dogs, cats, other pet types), capacity (less than 2 liters, 2 -5 liters, above 5 liters), and distribution channel (online sales channels (company-owned websites, e-Commerce), offline sales channels (hypermarkets/supermarkets, modern trade stores, brand stores, pet care stores, pet care clinics), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
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